CLAYTEN v. UNITED STATES

Civ. No. T-74-1201.

448 F.Supp. 30 (1977)

Benjamin CLAYTEN and Leah F. Clayten, his wife v. UNITED STATES of America.

United States District Court, D. Maryland.

December 19, 1977.


Attorney(s) appearing for the Case

David L. Bowers, Baltimore, Md., for plaintiffs.

Jervis S. Finney, U.S. Atty., Gerard P. Martin, Asst. U.S. Atty., Baltimore, Md., and Thomas M. Lawler, Atty., Tax Div., Dept. of Justice, Washington, D.C., for defendant.


THOMSEN, Senior District Judge.

In this civil action, tried to the court without a jury, Benjamin Clayten (Clayten) and his wife seek a refund of federal income tax and interest in the total amount of $33,781.91 paid for the year 1964, and a refund of such tax and interest in the total amount of $298.22 paid for 1967.

The principal question presented is whether the stock of Inn, Inc. (Inn), owned by Clayten, qualified as stock issued under a plan adopted in...

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